NuProp Team

PROPERTY NEWS: Uptown Square in Bandar Rimbayu recorded a 100% take-up rate

Key takeaway:

Following its official opening on June 19, all 119 shop lots at Uptown Square in Bandar Rimbayu, Kota Kemuning, Selangor, were sold within a few days.

A 1,879-acre township with a gross development value (GDV) of RM11 billion, Bandar Rimbayu was first introduced by township developer IJM Land Bhd in 2013. The township's developer credits the township's success to its ideal location and favourable investment opportunities as a result of its rapidly expanding population.

The multipurpose, privately owned space The Barn and an oasis pocket park, which provide the neighbourhood with a broad range of options to utilise both the private and public spaces, are two features that define Uptown Square and emphasise the high street level liveliness. In an email discussion with City & Country, Chai Kian Soon, senior general manager of Bandar Rimbayu, describes the facility's potential uses as a sports arena for activities like basketball, a flea or night market, an exhibition space, or a location for festive gatherings.

The leasehold shop lots are anticipated to be finished in 2025.

Currently, a grocery store and an international school are located in Bandar Rimbayu. Other local facilities include a shopping centre, drive-through eateries, clinics, a business hub, and a residents' clubhouse.

"Bandar Rimbayu has become a high catchment area as a result of its close proximity to the business and residential hubs of Shah Alam and Kota Kemuning. This includes having access to four main entry and exit points, namely Lebuhraya Shah Alam (Kesas), Lebuhraya Kemuning-Shah Alam (LKSA), Expressway Lingkaran Tengah (Elite), the South Klang Valley Expressway (SKVE), and the upcoming West Coast Expressway (WCE)," explains Chai.

He continues, "The property features five access points with strategically planned parking spaces to guarantee visitors to Uptown Square enjoy all the services and facilities available."

Phase 17 of Bandar Rimbayu, which will include 455 link houses and garden homes with a total GDV of RM464.7 million, will be introduced by IJM Land in the fourth quarter of 2022.

©️ July, 2022, 

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